Page 16 - Future Steps
P. 16
2017 BENEFITS ENROLLMENT
Flexible Spending Account (FSA)
Healthcare Flexible Spending Account
The healthcare reimbursement FSA allows you to deposit up to $2,600
annually into an account, on a pre-tax basis, to pay for IRS-approved
medical expenses not covered by insurance. For example, pre-tax dollars
can be placed in the healthcare reimbursement FSA to pay for eligible
expenses such as deductibles, copayments, or other out-of-pocket medical
expenses. The maximum annual contribution amount to the healthcare
FSA is $2,600 for 2017. In addition Regional One will now allow you to
rollover $500. Effective 2017, you will no longer have a grace period to
ile FSA claims. All FSA claims must be submitted by December 31 of
each year.
Dependent Care Flexible Spending Account
The dependent care lexible spending account allows you to set aside
pretax dollars to pay for daycare expenses. The dependent care account
may be used to pay for an elderly or disabled family member while you
work. The maximum annual amount you can contribute to a dependent
care account in 2017 is $5,000 or $2,500 for married taxpayers iling
separate returns.
Additional coverage information is available to you at
http://visityouville.com/ROHBeneits.
16 REGIONAL ONE HEALTH
Flexible Spending Account (FSA)
Healthcare Flexible Spending Account
The healthcare reimbursement FSA allows you to deposit up to $2,600
annually into an account, on a pre-tax basis, to pay for IRS-approved
medical expenses not covered by insurance. For example, pre-tax dollars
can be placed in the healthcare reimbursement FSA to pay for eligible
expenses such as deductibles, copayments, or other out-of-pocket medical
expenses. The maximum annual contribution amount to the healthcare
FSA is $2,600 for 2017. In addition Regional One will now allow you to
rollover $500. Effective 2017, you will no longer have a grace period to
ile FSA claims. All FSA claims must be submitted by December 31 of
each year.
Dependent Care Flexible Spending Account
The dependent care lexible spending account allows you to set aside
pretax dollars to pay for daycare expenses. The dependent care account
may be used to pay for an elderly or disabled family member while you
work. The maximum annual amount you can contribute to a dependent
care account in 2017 is $5,000 or $2,500 for married taxpayers iling
separate returns.
Additional coverage information is available to you at
http://visityouville.com/ROHBeneits.
16 REGIONAL ONE HEALTH
